Ensign Energy Services Inc (ESI) Announces Dividend Increase – $0.12 Per Share
Ensign Energy Services Inc (TSE:ESI) announced a quarterly dividend on Tuesday, August 8th, Zacks reports. Stockholders of record on Thursday, September 21st will be given a dividend of 0.12 per share on Thursday, October 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a boost from Ensign Energy Services’s previous quarterly dividend of $0.10.
Shares of Ensign Energy Services (TSE ESI) opened at 6.88 on Friday. The stock has a 50 day moving average price of $6.50 and a 200-day moving average price of $7.15. The firm’s market capitalization is $1.08 billion. Ensign Energy Services has a 52-week low of $6.09 and a 52-week high of $10.41.
A number of analysts have commented on the company. Raymond James Financial, Inc. lowered Ensign Energy Services from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$9.00 to C$7.20 in a report on Tuesday, August 22nd. Canaccord Genuity cut their target price on Ensign Energy Services from C$7.50 to C$7.00 in a research note on Thursday, August 17th. Finally, CIBC boosted their target price on Ensign Energy Services from C$9.00 to C$10.50 in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$9.27.
In other Ensign Energy Services news, Director Thomas Joseph Connors bought 18,500 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were purchased at an average price of C$6.70 per share, for a total transaction of C$123,950.00.
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Ensign Energy Services Company Profile
Ensign Energy Services Inc is a Canada-based company engaged in the business of providing oilfield services to the oil and gas industry in Canada, the United States and internationally. The Company’s oilfield services include drilling and well servicing, oil sands coring, directional services, underbalanced and managed pressure drilling, equipment rentals, wireline services and production testing/fracturing fluid (frac flowback) services.
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